Chanticleer Holdings Announces First Quarter 2015

CHARLOTTE, NC --(Marketwired - April 27, 2015) - Chanticleer Holdings, Inc. ( NASDAQ : HOTR ) ("Chanticleer," or the "Company"), owner and operator of multiple fast casual restaurant brands, announces record preliminary net restaurant revenue for Q1 2015 of approximately $8.3 million, an increase of approximately 58% from $5.3 million in Q1 2014. The growth resulted from acquisitions and new restaurant openings. Store count increased from 21 at March 31, 2014 to 46 at March 31, 2015, with the acquisition of BGR: The Burger Joint ("BGR") adding 20 new locations near the end of the current quarter. BGR owned and operated stores had a strong quarter with $2 million in revenue; system wide BGR revenue, including franchises, was $4 million. A minimal amount of BGR's revenue are included in the Company's March quarter; the June quarter will include BGR in its entirety. 

"2015 will be an exciting year as we continue to execute our strategy of growth through acquisitions, new store openings and expanding our franchising capabilities," commented Mike Pruitt, Chairman and Chief Executive Officer. "In addition to our acquisition of BGR last month, we expect to close on the acquisition of BT's Burger Joint and we're scheduled to open two international Hooters locations and one BGR location in the coming weeks. We also have additional accretive acquisition targets in our pipeline. The acquisitions and new store openings will more meaningfully impact revenue growth in Q2 and forward."

As of March, 31, 2015, the Company has 46 company-owned and franchise locations worldwide including thirteen Hooters restaurants, six American Burger Co. restaurants, seven Just Fresh locations and twenty BGR locations. The Company's Quarterly Report on Form 10-Q will include further details about the Company's first quarter financial performance.

About Chanticleer Holdings, Inc Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. The Company is a franchisee owner of Hooters® restaurants in international markets including Australia, South Africa, and Europe, and two Hooters restaurants in the United States. The Company also owns and operates American Burger Co., BGR: The Burger Joint, and owns a majority interest in Just Fresh restaurants in the U.S.

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